A Level - Theme 2 Quiz
Quiz
•
Business
•
11th Grade - University
•
Practice Problem
•
Medium
Conor Sutton
Used 56+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ is the money put into the business by the owners.
Contribution
Overdraft
Capital
Elasticity
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ is the profit after tax that is put back into the business and not taken out by the owners.
Net profit
Gross profit
Operating profit
Retained profit
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A _____ allows a business to spend more money than it has is their bank account.
mortgage
bank overdraft
grant
lease
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No legal difference between the owners and the business =
Unlimited liability
Partial liability
Limited liability
Share capital
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ refers to an asset that may be sold to pay a lender if a loan cannot be repaid.
Debenture
Collateral
Grant
Patent
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which if the following is an example of a cash inflow?
VAT payable
Raw materials
Cash sales
Loan repayments
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_____ refers to the ability to which a business can pay their debts on time.
Solvency
Liability
Inflation
Extrapolation
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